RSSCategory: Articles

May

18

The Psychology of Saving

How many households have the right outlook to build wealth? Why do some households save more than others? Building household savings may depend not only on cash flow, but also on psychology. With the right outlook, saving becomes a commitment. With a less positive outlook, it becomes a task – and tasks and chores are […]

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May

11

The Top 12 Tax Frauds

A look at the IRS “dirty dozen” list. Have you heard of the “dirty dozen?” Each year, the IRS lists the top 12 recurring federal tax offenses – frauds, cheats, feints and schemes that ethically challenged taxpayers, tax preparers and crooks try to perpetrate. Watch for these scams in all seasons, not just tax season. […]

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May

4

Tax Efficiency in Retirement

How much attention do you pay to this factor? Will you pay higher taxes in retirement? Do you have a lot of money in a 401(k) or a traditional IRA? If so, you may receive significant retirement income. Those income distributions, however, will be taxed at the usual rate. If you have saved and invested […]

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Apr

27

A Roth IRA’s Many Benefits

Why do so many people choose them over traditional IRAs? The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced, it has become a fixture in many retirement planning strategies. The key argument for going Roth can be summed up in a sentence: Paying taxes on your retirement contributions today […]

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Apr

20

Are Americans Growing More Optimistic About Retiring?

Pragmatism seems to be replacing pessimism, at least. Is it okay to retire today? Many baby boomers shelved notions of retiring during the past few years. Layoffs, the decline in home values, the crushing bear market of 2007-09 – those memories were just too fresh, and their economic effects were still being felt by many […]

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Apr

13

Rehearsing for Retirement

Try living as a “retiree” for a month or two before you commit to 
leaving your career. Imagine if you could preview your retirement in advance. In a sense, you can. Financially and mentally, you can “rehearse” for the third act of your life while still enjoying the second. Pretend you are retired for a […]

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Apr

6

2015: A Time for Patience

Don’t let the market’s jumps rattle your commitment to staying invested. What the market does today, it may not do tomorrow. That may seem elementary, but there are days, weeks, months, and even years when that investing lesson is ignored. Wall Street started 2015 with pronounced volatility, and in the opening six weeks of the […]

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Mar

29

2015 IRA Deadlines Are Approaching

Here is what you need to know. Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. *April 1 is the absolute deadline to take your first Required Mandatory Distribution (RMD) from your traditional IRA(s). *April 15 is the deadline for making annual contributions to a […]

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Mar

22

Investing Internationally

If domestic stocks are performing well, why invest elsewhere? It’s easy to invest in something you are familiar with.  I think that is one reason investors are often found guilty investing a large portion of their 401k in their own company’s stock, or maybe they buy other companies’ stock within the same industry.  Similarly investors […]

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Mar

14

Why Well-Diversified Portfolios Have Lagged the S&P

Some investors have seen minimal returns compared to the benchmark. Diversification is essential, yet it comes with trade-offs. Investors are repeatedly urged to allocate portfolio assets across a variety of investment classes. This is fundamental; market shocks and month-to-month volatility may bring big losses to portfolios weighted too heavily in one or two classes. Just […]

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